Nobody Predicted Israel Would Strike Iran, But Bitcoin Is Still Not in Panic Mode: Analysis

The Middle East is again in the war, with an increase in tension between Israel and Irani spooky markets and sending prices for both traditional and cryptocurrency assets, such as Bitcoin and Ethereumroll over on weekly lowest. Is it time for panic for Bitcoin investors? The data does not currently support this view.

Bitcoin In the last 24 hours, 4.5% fell for a store at $ 104,343, while Ethereum overthrew $ 8.2% to $ 2,552, as the escalating tension in the Middle East has encouraged a huge risk shift in the cryptocurrency markets. Seluff, which began during the Asian trading hours on June 13th, deleted over $ 420 billion from the total market caps of cryptocurrencies and launched $ 1.2 billion in liquidations.

After the news that Israel has launched a major military surgery against Iran, digital assets really crashed abruptly. Air attacks before dawn focused on Iran’s nuclear and military facilities sent striking waves through global financial markets, and cryptocurrency currencies filed pressure on sales pressure while investors fled to traditional safe haven.

The prospects for such a dramatic escalation seemed to be a few days ago. The likelihood of Israel to attack Iran has been traded less than 20% throughout the week on the prediction market Polymalan canesinking as many as 11% at different points. And this is something that markets do not like – not war, but uncertainty. Currently, on Countless markets– The predictions market that has developed DecipherThe Dastan-Nuclear-Iran Nuclear Company Dasta-Iran fell to only 4.7%before the end of the week.

Meanwhile, S&P 500 has fallen 0.66% and the industrial average Dow Jones dropped 1.17% while investors fled to traditional safe haven. Gold rose by $ 1.8% to $ 3,445 per ounce, approaching a record high of $ 3,500.05, while the raw oil prices jumped as much as 9.21% during Asia, before they settled about 7% more at $ 72.6 per barrel.

The sharp moves of the goods reflected the true concern for the supply. Iran, as the third largest OPEC manufacturer, controls the critical oil infrastructure and any extended conflict could seriously disrupt global energy markets. Defense sections have been foreseen. For context alone, Lockheed Martin and Palantar jumped about 3% while investors positioned for potential military escalation

The screaming index of fear and greed, which measures the appetite of investors for this risk property, withdrawn from 65 to 54, exceeding “greed” to “neutral” – probably healthy resetting, not the readings of extreme fear that are usually associated with the main market bottom. This measured shift in the feeling, combined with the inflow continuation of ETF, of $ 86.31 million in Bitcoin, despite the fall in prices, suggests that the institutional belief remains intact.

Bitcoin shows a measured response despite $ 1.2 billion liquidation

In accordance with this background of panic in traditional markets, Bitcoin seems to be a drop of 2.4% to $ 104,343 looks incredibly contained. Yes, the leading currency of the currency launched $ 1.2 billion liquidation in relation to the lever, as it broke below the psychologically important level of $ 106,000. But given the size of geopolitical shock, sales are lacking in the characteristics of true panic.

The technical picture supports this thesis. The Bitcoin relative power index, or RSI, is located at 47 on the daily scale – reduced from an excessive level near 80 last week, but still firmly on neutral territory. This suggests taking profit, not capitulation. The average orientation index (ADX), which measures the power of trend regardless of direction, is now 17, indicating a poor moment of aimed. This means that the current move lacks a condemnation that is usually seen during crisis collisions, which is accompanied by recently lateralization of coins.

Bitcoin’s exponential movable average or Emma speaks even more. EMA measures the average price of assets, in this case bitcoin, over a period of time. Bitcoin’s 50-day EMA in the amount of $ 102,513 provided an initial resistance to an attempt to attend a bounce, suggesting that the technical level is still important-sign that algorithic trading, not emotional panic, triggers prices. The 200-day Emma sits much lower at $ 92,687, showing that a long-term trend remains intact.

For Bitcoin, the immediate test lies in the return of the level of $ 105,757 (50/200-day EMA Confluenza). Failure to break above this level would target: $ 100,000 as psychological support and $ 95,000 as visible support, based on ladder.

The resistance of upside down is $ 110,000, and the recent high highway near $ 111,891 has remained a key level for the bulls that will reappear.

Ethereum and Altcoins wear the head

Ethereum’s steep 7% drops to a daily low of $ 2,439 before bounces on the current $ 2,552.30 reflects a typical risk of Altcoin to Bitcoin during market stress. Despite the recording 19 consecutive days of ETF approachesETH could not maintain support over $ 2,700 because the traders were depalving the portfolio.

The second largest technical indicators of cryptocurrencies paint more bear pictures than Bitcoin. With RSI to 50.6 and ADX at 22, showing that bull bounce is now very, very weak and a longer bear trend is still in the game, Ethereum shows a stronger movement of a directed downward. The price is currently hovering near 200-day EMA ($ 2,473) after breaking under it during a sale. 50-day Emma sits at $ 2,417, and the break below would signal a significant trend change.

Ethereum Bulls, therefore, have to defend the current level of $ 2,552 to avoid deeper correction. The key levels for viewing are resistance to $ 2,738, and immediate support they hear psychological levels of $ 2,417.

Meme coins have suffered disproportionate losses, with Fartcoin – this week of epithet of horses from the absolutely no meaningful reason – rejecting 12% to $ 1,1968. The breakdown of token from its ascending wedge sample, combined with strong sales pressure, shows that speculative positions are quickly relaxed at a time of uncertainty. The RSI at 50 shows neutral momentum after falling from overcrowded conditions, while ADX AT 22 confirms the transition from bull to a neutral move.

And even with all that was said, the chart more It paints the whole bull’s picture for Fartcoin, and the meme coins tend to do strange things. As a general rule, you can expect meme coins and other altcoins to mirror bitcoin moves, but with much more volatility.